MainSail of Beaufort

Co-Ownership is an arrangement where a group of individuals or families co-own and share use of a vacation home or condo. Sometimes these arrangements are organized by the users themselves, but more frequently they are set up by a property owner or developer who outfits the property, creates the legal structure and documents, then offers the fractional interests for sale. Contrary to what you might think, groups of complete strangers who come together through these packaged offerings are generally much more successful at co-owning and managing the shared property than groups of friends or family members.

Statistics show that most people only use their vacation home 17-30 days each year. Co-ownership is appealing because it allows people to own only the share of a vacation home that they will use, rather than the entire property.